ETH is potentially gearing up for a bull cycle continuation as the exchange net flow turns negative for the first time ever. This indicates more ETH leaving exchanges, signaling accumulation and long-term holding. With overall exchange ETH balances at nine-year lows, a liquidity shortage may lead to higher prices.

To secure recovery, ETH must surpass $4,500 resistance and establish it as support. Analysts predict a move towards $5,000 and beyond, with targets set at $5,766, $6,658, and $9,547. A breakout above $4,500 is crucial for confirming the bullish trend, supported by various technical analysis indicators.

Bullish signs point towards ETH potentially breaking above $5,000 in the near future. Factors like illiquid supply, decreasing exchange balances, and positive technical indicators suggest a strong upward trend for Ethereum. As always, investment decisions should be made after thorough research and analysis.

Read more at CoinTelegraph: Ether is Leaving Exchanges at a Faster Pace Than Ever